The Postal Service says it also will procure 34,000 off-the-shelf vehicles to augment its initial 50,000-unit order of electric vehicles.
In its initial order for the next-generation delivery vehicle, the Postal Service surprised by ordering a mix of powertrains that includes 20% electric vehicles among the 50,000-vehicle order.
Perhaps no single segment of the supply chain was more affected by the COVID pandemic than last-mile delivery. The final mile has undergone an evolution as e-commerce and faster delivery demands take hold.
On the heels of a short seller’s takedown, Workhorse halts electric van deliveries and recalls units already in customer hands.
Workhorse decides to pursue alternative opportunities after ending its bid fight with the Postal Service.
From a COVID outbreak to supply shortages, Workhouse Group has repeatedly missed production targets.
Workhorse’s unsealed complaint against the Postal Service claims Oshkosh got preferred treatment and skirted the rules in lobbying for the main truck contract.
Truck Talk is a weekly newsletter that adds perspective and context to issues affecting the trucking industry.
Workhorse Group has nothing significant driving its stock price higher, only retail traders seeking to make money if the price falls.
In today’s edition, we highlight the Oshkosh-Workhorse squabble over a Postal Service contract, as well as hopes for federal funding for truck charging stations and more.
